iShares S&P 100 ETF
ALTAR
Score™		 4.7% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 26.0x P/Sales
ratio		 2.9x
P/BV
ratio		 3.8x Div.
yield		 1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P 100 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S. large-cap stocks, as represented by the Standard & Poor's 100 Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Oct 23, 2000
Assets (mns) $6,677
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $583,227
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 9.2 %
APPLE INC 8.8 %
AMAZON.COM INC 7.6 %
FACEBOOK 3.3 %
ALPHABET INC. CLASS A 2.6 %
ALPHABET INC. CLASS C 2.5 %
JOHNSON & JOHNSON 2.1 %
BERKSHIRE HATHAWAY INC-CL B 2.0 %
VISA INC-CLASS A SHARES 1.8 %
PROCTER & GAMBLE CO/THE 1.7 %
Total 41.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.3 %
IRELAND 1.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.3% 11.9% 11.6% 14.1% 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.96 99%
MSCI EAFE 0.94 82%
MSCI Emg. Mkts. 0.67 67%

Technical Indicators
Recent close $148.05
30d moving avg. $142.93
Annualized volatility 16.3%
Short interest (ETF) 1.6%
Short interest (Underlying) 1.5%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 408
Turnover 0.9%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $149,360

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares S&P 100 ETF ETF based on the alternatives' overlap in portfolio holdings with OEF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OEF Expense: 20 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OEF
Ticker Fund
Name		 Overlap1
vs OEF
(%)		 Expense
ratio
(bp)		 Savings
vs OEF
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs OEF
(%)
XLG Invesco S&P 500 Top 50 ETF 82.4 20 0 4.4 -0.3
IWL iShares Russell Top 200 ETF 78.7 15 5 5.0 +0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 77.4 0 20 5.2 +0.5
MGC Vanguard Mega Cap Index Fund 75.8 7 13 5.2 +0.5
SNPE Xtrackers S&P 500 ESG ETF 74.3 11 9 5.0 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 70.1 20 0 4.9 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 69.5 27 -7 4.9 +0.2
IQSU IQ Candriam ESG US Equity ETF 68.8 9 11 5.0 +0.3
PBP Invesco S&P 500 BuyWrite ETF 68.7 49 -29 5.0 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 67.7 27 -7 4.9 +0.2
HSPX Global X S&P 500 Covered Call ETF 67.4 65 -45 4.9 +0.2
SPY SPDR S&P 500 ETF Trust 67.1 9 11 5.3 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 67.0 27 -7 5.3 +0.6
VOO VANGUARD S&P 500 ETF 67.0 3 17 5.4 +0.7
SPLG SPDR Portfolio Large Cap ETF 67.0 3 17 5.4 +0.7
IVV iShares Core S&P 500 ETF 67.0 4 16 5.4 +0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 66.8 20 0 5.3 +0.6
VOOG Vanguard S&P 500 Growth ETF 66.5 10 10 4.2 -0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 66.4 4 16 4.2 -0.5
IVW iShares S&P 500 Growth ETF 66.4 18 2 4.1 -0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 66.1 60 -40 4.3 -0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 65.6 12 8 4.9 +0.2
IUSG iShares Core S&P US Growth ETF 65.4 4 16 4.3 -0.5
NACP Impact Shares NAACP Minority Empowerment ETF 65.0 75 -55 4.5 -0.3
VONG Vanguard Russell 1000 Growth Index Fund 65.0 8 12 4.1 -0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 64.9 7 13 5.2 +0.5
ESG FlexShares STOXX US ESG Impact Index Fund 64.6 32 -12 5.0 +0.3
VV Vanguard Large-Cap Index Fund 64.2 4 16 5.2 +0.5
IWY iShares Russell Top 200 Growth ETF 63.6 20 0 4.0 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 63.4 2 18 5.3 +0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 63.0 25 -5 6.1 +1.4
SPXT ProShares S&P 500 Ex-Technology ETF 62.7 27 -7 5.6 +0.9
PBUS Invesco PureBeta MSCI USA ETF 62.5 4 16 5.2 +0.5
ESGU iShares MSCI USA ESG Optimized ETF 61.9 15 5 5.1 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 61.8 3 17 5.5 +0.8
SCHX Schwab U.S. Large-Cap ETF 61.7 3 17 5.2 +0.5
IWF iShares Russell 1000 Growth ETF 61.6 19 1 4.0 -0.7
EPS WisdomTree U.S. Earnings 500 Fund 61.2 8 12 6.5 +1.8
TMFC Motley Fool 100 Index ETF 60.5 50 -30 3.6 -1.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 60.2 12 8 4.7 +0.0
VONE Vanguard Russell 1000 ETF 60.1 8 12 5.2 +0.5
SCHK Schwab 1000 Index ETF 59.7 5 15 5.2 +0.5
IWB iShares Russell 1000 ETF 59.3 15 5 5.1 +0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 59.3 15 5 6.2 +1.5
IYY iShares Dow Jones U.S. ETF 59.1 20 0 5.1 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 58.8 4 16 4.0 -0.7
CATH Global X S&P 500 Catholic Values Custom ETF 58.6 29 -9 5.2 +0.5
RECS Columbia Research Enhanced Core ETF 57.7 15 5 5.6 +0.9
ESGV Vanguard ESG U.S. Stock ETF 57.4 12 8 5.1 +0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 57.3 49 -29 4.0 -0.7
MGK Vanguard Mega Cap Growth ETF 56.9 7 13 4.0 -0.7
VUG Vanguard Growth Index Fund 56.7 4 16 3.9 -0.8
VTHR Vanguard Russell 3000 Index Fund 56.7 10 10 5.1 +0.4
WOMN Impact Shares YWCA Women's Empowerment ETF 56.7 75 -55 4.4 -0.3
SCHB Schwab U.S. Broad Market ETF 56.6 3 17 5.2 +0.5
SFY SoFi Select 500 ETF 56.4 0 20 5.2 +0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 56.4 3 17 5.1 +0.4
VTI Vanguard Total Stock Market Index Fund 56.2 3 17 5.1 +0.4
IWV iShares Russell 3000 ETF 56.1 20 0 5.0 +0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 56.1 28 -8 6.4 +1.7
FVAL Fidelity Value Factor ETF 55.1 29 -9 8.0 +3.3
IOO iShares Global 100 ETF 55.0 40 -20 4.6 -0.1
DIVB iShares U.S. Dividend & Buyback ETF 54.8 25 -5 6.6 +1.9
QUS SPDR MSCI USA StrategicFactors ETF 53.7 15 5 5.8 +1.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 53.4 25 -5 6.6 +1.9
DTD WisdomTree U.S.Total Dividend Fund 53.3 28 -8 6.7 +2.0
ACIO Aptus Collared Income Opportunity ETF 52.4 79 -59 4.4 -0.4
FQAL Fidelity Quality Factor ETF 52.2 29 -9 5.4 +0.7
FDRR Fidelity Dividend ETF for Rising Rates 52.1 29 -9 7.0 +2.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 51.7 9 11 5.5 +0.8
DSI iShares MSCI KLD 400 Social ETF 51.5 25 -5 5.1 +0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 51.3 19 1 5.6 +0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 50.4 25 -5 6.6 +1.9
ADME Aptus Drawdown Managed Equity ETF 50.3 81 -61 3.5 -1.2
PRF Invesco FTSE RAFI US 1000 ETF 50.2 39 -19 6.9 +2.2
QQQ Invesco QQQ Trust 49.9 20 0 3.7 -1.0
QYLD Global X NASDAQ 100 Covered Call ETF 49.9 60 -40 3.5 -1.2
NUSI Nationwide Risk-Managed Income ETF 49.9 68 -48 3.4 -1.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 49.9 21 -1 2.8 -1.9
IETC iShares Evolved U.S. Technology ETF 49.4 18 2 3.7 -1.0
IUS Invesco Strategic US ETF 49.4 19 1 6.7 +2.0
IGM iShares Expanded Tech Sector ETF 49.2 46 -26 3.7 -1.0
SUSL iShares ESG MSCI USA Leaders ETF 49.0 10 10 5.3 +0.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 49.0 10 10 5.2 +0.5
HIPR Direxion High Growth ETF 48.6 40 -20 2.8 -1.9
FDLO Fidelity Low Volatility Factor ETF 48.2 29 -9 5.1 +0.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 47.7 42 -22 5.4 +0.7
FDMO Fidelity Momentum Factor ETF 47.4 29 -9 3.7 -1.0
DGRO iShares Core Dividend Growth ETF 47.3 8 12 6.7 +2.0
JQUA JPMorgan U.S. Quality Factor ETF 47.2 12 8 5.2 +0.5
QLC FlexShares US Quality Large Cap Index Fund 47.1 32 -12 5.3 +0.6
IWX iShares Russell Top 200 Value ETF 46.4 20 0 7.2 +2.5
EXT WisdomTree U.S. Total Earnings Fund 45.7 28 -8 5.2 +0.5
AVUS Avantis U.S. Equity ETF 45.6 15 5 5.7 +1.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 45.3 25 -5 6.6 +1.9
SYG SPDR MFS Systematic Growth Equity ETF 45.2 60 -40 4.2 -0.5
JHML John Hancock Multifactor Large Cap ETF 45.2 29 -9 5.5 +0.8
VOOV Vanguard S&P 500 Value ETF 45.0 15 5 7.4 +2.7
AFLG First Trust Active Factor Large Cap ETF 44.9 55 -35 5.5 +0.8
SPYV SPDR Portfolio S&P 500 Value ETF 44.8 4 16 7.5 +2.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares S&P 100 ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.6 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.39 CATEGORY
AVERAGE		 1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.